ITC plans to expand its hotel business internationally, starting with neighboring countries and West Asia. The newly demerged ...

Its location affords easy access to the Indira Gandhi International Airport and is 2.5km from the cyber hub of Gurugram.

etc pertaining to hotel business being transferred to ITC Hotels, it added. The new entity will be with 'Zero Debt Balance Sheet" and generate cash to accelerate growth. It is also well positioned to ...

Amnish Aggarwal, Head - Research, Prabhudas Lilladher, says ITC will retain a 40% stake in ITC Hotels, potentially reducing its sum of the parts (SOTP) valuation by Rs 15-17 per share post the ...

ITC Hotels' demerger becomes effective today, January 1. ITC shareholders listed by January 6 receive one ITC Hotels share for every 10 ITC shares owned. The expected share price range for ITC Hotels ...

ITC is set to demerge its hotel business, effective January 1, 2025. The new entity, ITC Hotels, will be 100% owned by ITC shareholders, with 60% directly held and 40% through ITC. ITC will transfer ...

Shareholders receive ITC Hotels shares, with ITC transferring Rs 1,500 crore for growth. Learn more about the demerger. New Delhi, Dec 31 (PTI) Demerger of ITC's Hotel Business would come into effect ...

The investor presentation shared on December 30 said ITC Hotels would be cumulatively incurring 8-10% of revenue on capital investments such as renovations and on-going projects, along with new ...

The hotels arm of ITC Ltd. will receive Rs 1,500 crore in cash and cash equivalent at the time of demerger, the company said on eve of the demerger come into effect on Jan. 1, 2025. ITC Hotels Ltd.

To reduce transport costs and waste, thousands of luxury hotels and high-end restaurants are turning to “premium” water that ...

ITC Hotels expands its presence in the national capital as it announced the opening of a new Welcomhotel in Delhi, under the management contract. Welcomhotel by ITC Hotels, Delhi- Gurugram highway ...